Skip to main content

tv   The Willis Report  FOX Business  October 6, 2012 5:00am-6:00am EDT

5:00 am
>> a reminder that this country has come too far to turn back now. >> the reason it has come down this year is primarily due to the fact that more and more people have just stopped looking for work. ♪ gerri: both president obama and candidate mitt romney using today's jobs report to bolster their campaigns. the truth behind those numbers and a $5 gas, already happening in one state. could it happen in yours? welcome to "the willis report." ♪
5:01 am
hello, everybody. i'm gerri willis. do you believe the jobs numbers released today? a huge drop in unemployment rates to 7.8%. a look at that. nearly 1 million people entering the workforce in just one month. today, some of the business community calling those numbers completely fake, deliberately distorted to make president obama look good before the election. the obama administration firing back calling such charges ludicrous. what is the real story? joining me now, former white house chief economist and labor department commissioner keith hall, moody's chief economist, john lonski, and carried from call bomb capital management. welcome to you all. very curious. nearly a half percent move in the an employment rate on just 114,000 jobs growth in the month surprising to jack welch, former ceo of ge. here is what he said.
5:02 am
>> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it. we saw 30 days ago the fed announced a open ended printing of money to get asset prices up, and they say 50 days before election, this one is a joke. if you noticed anything about this number, the estimates of job gains came in the exact amount it was supposed to which should have kept it at 8.2%. the estimates, somehow we got to
5:03 am
7.8%, and the use the most of tiles survey, the household survey. gerri: we will get to that. >> 400,000. gerri: can these numbers be sai's? >> i don't think they can. we have had rumors of bls massaging numbers for the benefit of the democrats back under the nixon administration. in fact, that was one of richard nixon's source of paranoia, that the bls was out to get him, making the economy looked at so that he could not get reelected. that did not prove to be true. what the other person just dated was exactly right. the household survey has a margin of error of plus or minus 400,000 jobs. but the -- well the household survey -- gerri: wait a minute. wait a minute. 400,000 jobs. 827,000. so half of that could be made up >> right. moreover, --
5:04 am
>> more than half. >> let me go further. of that 870,000 wors additions-household survey employment, more than 500,000 jobs in my belief, 529,000 jobs took the form of part-time employment duke said economic reasons. so the household survey in terms of quantity. it was lacking in terms of quality. gerri: it is as if a lot of people lenticels nurse and the internet. you don't know. you know what it reminds me of, you know what it reminds me of, the church lady on s&l, how convenient right? here comes the biggest election of this century. suddenly we have an incredible improvement in unemployment, something that takes the calendar back four years.
5:05 am
you worked in the bls. you know how this works. can these numbers be manipulated? >> no, they really can't. it would be extremely hard to manipulate the numbers. absolutely impossible to manipulate and get away with. bls is comprised of career people who are dedicated to their work. nothing but career people there. a real strong sense of objectivity in what they do. would just be impossible to work these numbers. interpreting the numbers is a different issue. the unemployment rate really did go down, and it really was from the household survey. i can tell you, when i look at these reports the first in a look at is not the unemployment rate. it's the number of payroll jobs created. in line the last 67 months, and that survey is of very large survey.
5:06 am
is surveying not only 400,000 businesses, its really looking at the employment records of 40 million people. so this is very accurate. gerri: totally different than the household survey where it's phone calls. you know, clearly open to interpretation. i do want to be fair and balanced. put out a three today saying, you know, don't believe what you hear. these numbers are absolutely accurate. we don't like or make things up. here is what she said. i cannot even see that far. she is defending the administration saying that, you know, the numbers are accurate. some of the most interesting analysis, though, i thought came from alan tomlinson. what a shocking about the jobs are created is that their government jobs, government supported jobs. in fields like health care where the government is intentionally involved throwing money at the institutions in that industry. by this of first. do you agree?
5:07 am
>> yes, i do. since the end of the recession roughly 87 percent of all the new jobs created have been in the relatively low-paying fields of private-sector health care, temporary help, hospitality and retailing. that is a scary number, and this shows why so many voters are so disappointed with the current state of the u.s. economy. they want jobs growth, and they also want quality jobs. gerri: let's get carried in here. what do you say? >> first off, i have to get back to something here with all due respect. participation. it crashed in the last four years. we would be 11 percent unemployment if we use that number. i even of the bls and ask them for a list of all these people. all these people supposedly get
5:08 am
the rate down. you can talk about whether they made it up or not, but this is all up in the year. the household survey. gerri: to you. you know, now the real pressure, the real interest is on the november on a plan a report. what is that going to show? confirm we saw in the report today or go back to what we have seen for months and months and months now? what do you say? >> to be fair, the payroll survey is contingent -- contending much of the same. modest job growth, not really strong enough to count as a recovery. and that picture has not changed the household survey showed a drop in the unemployment rate. those are real numbers, based on surveys. the real question is, which one is giving us the better signal right now. i have seen times for these two
5:09 am
numbers are giving as mixed signals, and almost always sort themselves out in a month to. gerri: this is a critically important time for some people. and it is very, very interesting appreciate all of you coming on tonight with a very different perspectives and having somebody who actually worked in the bls is terrific. thanks you so much for coming on tonight. >> you're quite welcome. >> thank you. gerri: we want to know what you think. do you believe today's jobs numbers? log onto gerriwillis.com, vote on the right hand side of the screen and we will get these results at the end of the show. a lot more in the hour, including sticker shock, oil prices, gas prices skyrocketing in california, $0.20 overnight in one town. could it happen near you? despite highs in the market not seen since before the recession, people are still leaving stocks behind. why the mass exodus? answers next. ♪ the capital one cash rewards card
5:10 am
5:11 am
5:12 am
gives you a 50% annual bonus. and everyone likes 50% more [ russian accent ] rubles. eh, eheh, eh, eh. [ brooklyn accent ] 50% more simoleons. [ western accent ] 50% more sawbucks. ♪ [ maine accent ] 50% more clams. it's a lobster, either way. [ male annncer ] the capital one cash rewards card. with a 50% annual cash bonus, it's the card for people who like more cash. [ italian accent ] 50% more dough! what's in your wallet?
5:13 am
♪ gerri: well, despite the rise in stock markets, small investors are pulling their money at stocks. since march a 2009 u.s. stock mutual funds have had net withdrawals of $200 billion while bond funds have seen an inflow of a trillion. the percentage of american families to own stocks now or stock funds dropping to 46% in 2011 from 53% a decade prior, so where exactly are investors putting their money and should you follow suit? ceo of demint financial services. always great to have you on the show. you cannot get away. you cannot get away from the idea that small investors have simply lost faith in the stock
5:14 am
market. why do you think that is? is it ever going to change? >> there are two reasons it has happened, and you have asked the most important question. will it change. two reasons. number one, we lost an awful lot of money and people are still shell shocked. gerri: 2008. >> an emotional upheaval that we went through, and people are still dealing with it emotionally. people are starred as a result, and the biggest mistake they're making is that they are confusing the stock market with the economy. people think they're one in the same when in fact they're two very separate things which is why people don't understand how the stock market can be making money in a. where the economy is so dreadful, as you were just describing. people need to realize that the very reason the stock market is doing well is because the unemployment numbers are so low. corporate america's number-one expenses payroll. if you don't have much of apparel you have a lot of profit. gerri: that me ask you this. did you back on topic. i think the thing that is really
5:15 am
frightening is if you look back in history where people have pulled money out of stocks, it goes on for a decade or so. after 1929, the dow jones industrial average did return to its prior levels in the 1950's. beginning in 1971 investors went through 11 years. now, i know people like you are fond of saying, well, the average stock market's return of the last 86 years has been 10 percent, but the reality is nobody invests for 86 years. gerri: you are absolutely right, and that is what people are looking so closely at their recent past performance. unfortunately they are assuming that the recent past, the last five words in years is going to be the next five or ten years. people tend to investing in the rearview mirror. if you drive that where you have car accidents. we need to recognize that we just had a horrific hurricane or tornado. we had it. we're not going to have another one next. gerri: but answer this, if you would. we talk about 2008 and the fall
5:16 am
in stocks and what happened, but there are other things going on that i think really are unnerving small investors. the flash crash, all of this high-frequency trading that is making the markets and to really strange and unpredictable. it seems that what is going on on the exchanges is completely disconnected from fundamentals, and i think that is exactly where individual investors start >> i think you're absolutely right. this is why our message is not trying to convince people to invest in stocks, but convincing people to invest in other than -- other than just bonds and cds in cash. we found that people have just run to the flight of safety and they have abandoned the notion of diversification. i'm not suggesting you have all of your money or even most of your money in stocks. i'm just saying, it's crazy to have none of your money in stocks. gerri: and they're is a big fear that the bond market is the next big bubble. >> that is actually are bigger fear, but it is ironic that people are terribly worried
5:17 am
about stocks and swearing it will never touch it again, what they don't realize is the next base -- next big risk is not the stock market but the bond market because interest rates are so. people don't understand that as interest rates rise, which everyone seems to think will happen, as interest rates rise if bond prices go down. that is really scary, and people don't realize it. gerri: thank you for coming on. i am on your page. want people to be able to invest competently in the stock market. it is the only way to retire and get kids through college and do everything that you need to do. hopefully it will turn around. thank you for coming on. >> anytime. gerri: if you are fired up about this or any of the issues on the program, write me an e-mail. gerri@foxbusiness.com. >> coming up on "the willis report," soaring fuel prices and shortages as the golden state running on empty. will some california stations run of gas? and our other states next? former shell ceo gives his analysis next. and just how big is mitt
5:18 am
romney's post debate bounce? and will it get even bigger? or political panel reacts. also, at diving into an explosive debate over working women and motherhood. they have to choose between family and career? hear what our panel of powerful women have to safe. women have to safe. we're on the case nex many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher and brighter every day.
5:19 am
wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarant. so go to legalzoom.com today and see for yourself. it's law that just makes sense. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪
5:20 am
or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. gerri: guess prices shooting a 18 sets this week alone, closing in on a john is 42. mortgage. married. two great kids. he wants to protect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month.
5:21 am
his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped make term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this number or visit selectquote dot com. gerri: extreme pain at the pump for california drivers. gas prices hitting record highs this week. a gallon of regular unleaded at $4.49 per gallon comparing to the nationwide average of $3.709. one of the many reasons, a southern california refinery suffering a massive power
5:22 am
outage. now is back up and running. don't expect prices to come down anytime soon. there is now talk of a gas shortage. with more, john hofmeister, former ceo of shell oil company and founder of citizens for affordable energy. welcome back to the show. this feels like the 1970's all over again. shortages. why -- lines to your local station. what is going on? how do you explain this? >> well, first of all, let's remember, californians of cars. there are more cars to more people driving cars to more interstate highway miles off, more freeways in california than anywhere else in the nation. and there is no alternative, so they have to be in their cars to get where they need to go off. secondly, some of the oldest infrastructure to support that car crazy state exists up and down the coast of california. the third problem -- gerri: let me ask you about that. stop for just a second. why is the infrastructure so old to make everyone thinks of the oil industry as being pretty
5:23 am
lucrative after all. why haven't they build any new facilities? >> well, it is well maintained, although it is old. so it can trip over under any circumstances. it is very heavily invested in, but no one would build a new refinery in california because they really can't. that gets your third problem. sacramento. if anybody in california is unhappy, they need to live in sacramento. gerri: regulations. >> it is the most regulated state in the country when it comes to of fossil fuel. and so whether it is an arm of the regulation, business regulations, labor regulations, land use regulations, no one would invest in a new refinery in california. it would be impossible to make it happen. gerri: now california -- >> the population keeps growing. >> california has the highest prices in the nation, and i want to read you something that aaa said recently. we have never seen and gas price back like this. this is brand new territory.
5:24 am
we just don't know how quickly it will get the supplies back on light that we need. so, it sounds like california could be an -- in even more difficult for both. prices could go even higher. do you believe that? >> i think it will get worse before it gets better. for the chevron fire up north has been problematic. the exxon problem. what it also sounds like is that inventories are at 810-year low. when inventories are low the way you distribute gasoline is take care of your contractual customers first and your spot customers can wait. and they may wait a long tme. they may run out of gas. gerri: we have seen that already >> running out of gas. yes. as soon as they start running in a gas guess what happens? everyone goes to tank up because they don't want to be caught short. then everybody runs out of gas. gerri: let's talk about the national stage because we have been seen at -- prices go higher and higher. tripoli reporting live for six straight weeks the daily
5:25 am
national average set a new all-time record for the calendar date. and they are expecting prices to continue higher through the end of the year. do you see the same trend? >> east coast and west coast of this country have the biggest problems. oldest refineries, hard to maintain, accidents do happen, fires happen. we just had a fire in houston. and so these incidences occurred. there is this incredible denial on the part of government officials, especially federal and especially states like new york and california that this industry can just take care of itself. let's taxes, regulate it and make it more difficult because we don't like oil. gerri: meanwhile, my friend, meanwhile my friend gimmickry energy is 90 billion in tax subsidies, 90 billion. >> and you can't put it in your gas tank. a complete disconnect between what the government is promoting
5:26 am
and what citizens need and guess who gets hurt in the end. not the oil companies, the citizens. gerri: we do. you got that right. thank you for coming on. always a pleasure to have you on the show. >> thank you. gerri: now we want to bring you the latest developments in the store we have been following. american airlines says it has repaired nearly all the planes grounded and inspected because the seats can lose. with six more planes to be checked the airline said all repairs should be done on the boeing 757 by tomorrow if, saturday. this after canceling 94 flights of the last two days. you heard about that. after the problems were fixed. yesterday american said the real problem was actually the pan locking them to the floor that was damaged to do to spilled soda. so it's your fault. crazy. still to come, the women have to choose between a family and career? are we dissing mother of? after is great performance in this week's debate, more and
5:27 am
more folks are starting to like mitt romney. details on the new forum next. ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally.
5:28 am
5:29 am
5:30 am
♪ gerri: well, the obama campaign today pulling out all the stops as they head back and mitt romney following the president's disastrous showing at the denver debate this week. the new messages this to mitt romney is a liar. but will voters by it? joining me now populous a prize-winning columnist for the new york post and fox is contributor michael goodwin. great to see you, as always. i want to start, though -- will get to the lying in a minute, but mitt was apologizing last night about the off -- the 47% comment.
5:31 am
here is what he said. >> in a campaign with hundreds, if not thousands beaches and question-answer sessions, now and then you are going to say something that doesn't come out right. i absolutely believe, however, that my life has shown that i care about 100 percent. and that has been demonstrated throughout my life. this whole campaign is about the 100 percent. gerri: is it over for him? is this problem behind him? >> i think the president recognizes it was a failure on obama's part to bring this up because it was something that happened fairly recently. scored points with it. this was not the first time on the apologized to but i think he's doing it again and signals that he realizes obama is going to bring it up and it will be a staple. it will be doing some as an it, but i have to think, the whole idea of negative and nasty -- gerri: let me get to that because while mitt was apologizing on the one hand, obama was going in for the kill. at least the administration was the main here is what one
5:32 am
administration official had to say. >> plenty of people have pointed out what a liar mitt romney is and was last night. if he was talking he was -- if he was speaking he was lying. gerri: to me this is beyond the pale. you collier upon a lot of things, but calling him a liar seems way too much. >> you can say it takes one to no one in this case, but i do think it is very and presidential, and that is the danger for president obama, coming out of this debate because he failed, particularly because the left is so disappointed and in despair over his behavior, he has now to call on the left town. so the way to do that, of course, is to attack chronic mccollum a liar, do all kinds of things. the problem with that strategy is while it might energize the left to make the turn of the independence to he is going to need calming down the stretch. this is the time of the race when they are aiming for the general election, not the primary based in the city has to
5:33 am
still rev up the primary. gerri: a long way to go. the tone and tenor of the campaign changing with jobs numbers which were shockingly positive. we discussed it earlier. let me read you some headlines from newspapers to how the media is treating this. the new york times. jobs reports bring unexpected good news. make his case easier. the washington post says president obama much-needed good news on jobs. the chicago, jobs report gives obama a much-needed boost. i have to tell you, on wall street people are picking apart these numbers with a fine tooth comb. a lot of people don't believe them. they think they have been massaged, managed and some white. is the media -- more evidence totally for obama? >> sure. i read the new york times assessment of, you know, the attacks as the book were cut. this is not political, this is a statistical. always. the numbers are volta, but it is not politics. look. this is an administration that has been lying about who killed our ambassador.
5:34 am
they have released classified information to help the president in the campaign, so the idea that they would cook the books in this is not so far-fetched. whether they did, i don't know, but the problem is they have no credibility. gerri: it's interesting because romney favorability ratings just about 50% for the first time. is the sustainable? >> i believe it is. his performance was one of the best, i think anybody has seen in a long time. there was not a single moment. it was a consistent 90 minutes of grade a performance all the way throughout, and i think people who only saw the ads about him, only heard about him through the obama tax sought different person than the one they were led to believe existed, and so that is why i think you have a turnaround in the positive numbers. gerri: you know, it would not be a friday if we did not have a thought from the vice-president. he made a little gas this week. have you are it? listen to this. >> you know the phrase they
5:35 am
always used. obama and biden want to raise taxes by $8 trillion. guess what, yes, we do. gerri: i mean, really? really? can he not stop himself? but does it mean for the debate. >> well, i think it is one of the run the arguments. i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online
5:36 am
presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ [ male announcer ] this is the age of knowing what you're made of.
5:37 am
why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor.
5:38 am
5:39 am
5:40 am
gerri: the mill powerhouse giving birth to her first child. she took the helm. see is also making headlines for another reason. this story and others suggesting our society is dissing mother had. you're going to want to hear this. my expert when his panel is here to weigh in. vice-president the family packed federal. former president of the women's media center, and a fox news legal analyst. i'm going to start with you.
5:41 am
this is really meyer's decision at this photo put in? what do you make of it? >> well, we heard from the magazine editors that she did not want to do a photo shoot. i can understand. if i9 months pregnant. >> she's beautiful. >> but i personally also am offended because i don't think having a baby should be something else and you're to do list. the short amount of time she has taken for maternity leave to all the questions, working through it. >> well, i respectfully disagree. by nine months pregnant, so happy about that. if somebody would even want to take my picture fully clothed, of course. are not doing demi moore. fully closed, i would embrace and love that. the most wonderful thing in the world. gerri: to you. what is interesting about that is that she makes this decision, and she could have been the first pregnant woman ceo right out front, but she chooses not
5:42 am
to. what do you make of it? >> i don't have a problem with it. i don't think very many women would want their picture at nine months on the cover of some major magazine. i would not choose that either. i also think that is actually to her credit. she is not using a pregnancy to -- in any kind of way that is personal. so i think it is -- i probably would have done the very same thing. nine months pregnant. >> using your pregnancy. i'm sorry. if i miss characterize what you're saying. is that about using the pregnancy that sank, eight, nine months pregnant to know whatever it is. happy, thrilled. >> exactly. here i am, and i am looking great at nine months. >> the reality, though, is she is no longer -- she had the baby. so fortune magazine is on the newsstands is not pregnant. >> she had the baby a day before the magazine came out. made it even worse, and it is a personal prerogative, but a
5:43 am
missed opportunity to really be a heroine for working moms. working women, working moms. so she missed that opportunity, but the -- gerri: we have to move on to this other story which i thought was similar in tone. it is an ad for lucky magazine, very popular here in new york magazine, shopping magazine. here is what it said, and adverse use, $990 shoes. my kids call the nanny mom. fill the void, by this use. i am appalled by this. >> first of all, i have never bought a pair of shoes over $99 to my verses what did you say, 900? never. never. i cannot even imagine. i would be embarrassed to do that if. it's horrible. soak okay. your kids are out there with a nanny. tickets are out there. you find them off. buy more shoes. go buy things that will make you feel better if. gerri: the language is particularly outrageous to me.
5:44 am
fill the void. fill the void? really? what do you make of that? >> well, talk about messages sent up to women. i think this is a terrible message. i don't even know what to say to people think they can fill a void of the preciousness and uniqueness of childbearing for a shoot. i don't even understand that. i would just say, you know, and i would also say that i think pregnancy is beautiful and powerful, but i don't think it necessarily needs to be in the workplace. i don't think it needs to be featured on a magazine that is about business. gerri: why not? >> because -- >> the point is he is being criticized because she is not. of have a problem with that. nancy is in the business world, being nine months pregnant is not a helpful thing. i don't think it is. it's a powerful thing in have very different way, but not in a business setting. and so i think she made the right choice. her choice. that's what you're saying. >> the advertisers with issue
5:45 am
campaign appeal to that lowest common denominator. when you have seen so many marketing campaigns that have lifted women up, that was a mistake on their part. a different direction. the maternity issue, i think the bigger problem is that we are the only industrialized nation that does not have paid maternity leave. gerri: let's not go there. to me it is about the message is that women are sending each other. it's about issues. looking skinny. come on. >> the other thing. the other thing. the other message. i know this is not on the magazine, but she's only taking two weeks. i think that is a terrible message as well. i don't know why women have to insist on denigrating that wonderful thing that only they can do and only they could be the mother to their child. it is the most fabulous experience, and i don't know why we seek to denigrated and think that even a job as a ceo could surpass that. it cannot.
5:46 am
>> especially a person in her position who has a job. she has people that can help. if she does not have to go back to work. >> choices that other women do not have. any woman, i would be very surprised. gerri: all right. we have to wrap it here. thank you for coming on tonight. really appreciate your time. it was a fascinating conversation. >> you will be wearing beautiful shoes and the kids will be calling her nanny mom. stock in the air. gerri: last word to you. thank you. and we looked at the most powerful ceos, the highest paid, even the worst performing. tonight a whole different measure thanks to business insider. here is a look at the sexiest ceos. we are sliding right down the side here. 27-year-old pete cash market. what a name. high-tech innovation website when he was a teenager.
5:47 am
also made times most influential people's list this year. 31-year-old jennifer hyman. wants to rent the runway three years ago giving women a chance to read some of that cut short dresses. and number three, 35-year-old jack dorsey, the founder of both twitter and square. is that right? immobile payment company which recently signed a huge partnership with starbucks. number two, actually on the program, fashion designer tory birch. the 46 year-old founder fashionable eight years ago and recently launched the tory birch foundation from a charity group that supports the empowerment of women. and the number one sexiest ceo, the 32-year-old founder of change dot court. despite this success according to the san francisco gate he lives with roommates and drives a 1996 toyota camry. mystifying. all right. still to come, my "2 cents more," and what you need to know when buying prescription drugs
5:48 am
on line. don't go away. these fellas used capital one venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift.
5:49 am
gerri: what you don't know could kill you. a slew of illegal website sell
5:50 am
5:51 am
♪ gerri: in focus tonight, websites hazardous to your health. the fda cracking down on thousands of online pharmacies selling fake drugs, and not just a regular folks like you and me, but to medical professionals. prescription drug editor for consumer reports joins me now. welcome to the show. so when i saw these numbers to
5:52 am
monday blew me away. 18,000 web sites that they try to shut down. counterfeit drugs. what is the risk of these drugs being sold to the public? >> there are a couple, actually. the medication that you may order online is actually watered-down, so it is not really effective, as you expected to be which could be pretty dangerous, especially medication you needing your system over long time. the second, some of these medications could have dangerous agents or chemicals in them that are not even anything that you would normally even put in your body, so you can really -- gerri: let's take a look at some of the drugs seized by the fda. some of them you will note. viagra, accutane, a generic. it contains the wrong ingredients, so it is one of the things you were just describing. you can really by just about anything that you want online, and it could be of this. >> right. one of the things that happens,
5:53 am
you can go online and tell you exactly how to do it, but you don't need a prescription sometimes. and that is usually one of the first keys. you can tell it is a fake website when you go one. there's no prescription required. you can't talk to a pharmacist. i mean, -- gerri: that is the clue. other other ways you can tell that these sites are bogus? they don't require a prescription. nobody to talk to. what else? >> outside the united states, and this is one of the key features. this is one of the things that the fda was trying to get at. these are located not just may be in canada or even pretended to be in canada, but all of the world. if it is -- if it does not have an actual address in the united states, that is a pretty key -- red flag. gerri: the illegal drugs are -- illegal drugs are much cheaper than you would find here. we have a full screen. viagra is about half the price. a big attraction, particularly
5:54 am
for seniors who are on, you know fixed income. they cannot do anything about it. that is the critical thing. the most interesting thing you said in a break and my thought, is that the fda sent letters out to these websites asking them to close to but they did not necessarily. >> right. they sent letters to the places. they sent letters to travelers to the internet service providers demanding that they be shut down, so it is a process. and even if they do, they are like cockroaches. they just multiplied. gerri: go to your doctor and get the prescription. go somewhere you can trust. it build. >> and of its expensive. especially for americans to spend twice as much as the rest of the world on prescription drugs. gerri: we have to change that. thank you for coming on. we'll be right back. the answer to our question of the day. do you believe today's jobs numbers? and my "2 cents more" are more hungry kids across the country. fighting back against new government rules and regulations
5:55 am
a look at their creativity next. [ male announcer ] let's say you need to take care of legal matters. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarant. so go to legalzoom.com today and see for yourself. it's law that just makes sense. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g.
5:56 am
[ male announcer ] good choice business pro. good choice. go national. go like a pro. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it.
5:57 am
5:58 am
>> president obama says encouraging job report shows the country made too much progress to turn back now. do you believe the numbers? here's what you are posting on the show's facebook page. june says, no, i think it's ever so convenient that the numbers they put out are good right after an ever so poor debate performance. another says, if you believe the numbers, i have a unicorn to sell you. we asked on the website, and 2% said yes, and 98% said no. conspiracy theorists abound. log on for the online question every weekday. while the "hunger games" dominated the box office in the spring, a real life fight is happening across the country thanks to the lunch box cops. new national rules as part of michelle obama's healthy free
5:59 am
kids act calls for lunch menus to be a one size fits all snooze fest, and kids are speaking out. >> welcome, welcome to the 2012-13 school year. as ordered by the regime, you are going to receive less portions and expected to do more because you are fat. as always, have a happy hunger games. ♪ gerri: ha-ha! this video by students in a kansas high school was created for protest against the government's strict rules slamming light lunches saying the kids are hungry and sleepy, and can't do their work, especially student athletes who need more calories to keep up. it's one of many videos on youtube protesting the same thing. i'm for healthy eating, but these kids, not government wards, these kids and parents should be responsible for what they eat, not the obama administration. that's my two cents more.

66 Views

info Stream Only

Uploaded by TV Archive on